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Requirement 3. Determine the amount that would be reported in ending merchandise inventory on November 15 using the weighted-average inventory costing method. Enter the transactions
Requirement 3. Determine the amount that would be reported in ending merchandise inventory on November 15 using the weighted-average inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter all amounts to the nearest cent, $X.XX.) Purchases Cost of Goods Sold Inventory on Hand Unit More Info Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Nov. 2 6 8 Nov. 2 Purchased 8 gallons @ $1.75 each Nov. 6 Purchased 1 gallons @ $2.20 each Nov. 8 Sold 3 gallons of milk to a customer Nov. 13 Purchased 2 gallons @ $2.60 each Nov. 14 Sold 4 gallons of milk to a customer 13 14 Totals Help Me Solve This DemoDocs Example Get More Help Print Done Check
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